What is an Investment Property?
An investment property is generally categorized as a real estate property that is not occupied by its owner and is used to generate rental income or held for capital gains. Owning a property as an income-producing investment is a common way for investors to diversify or move away from the stock market or other investment funds.
When starting the search for an investment property, it’s important to have a plan. Start by researching potential cities or neighborhoods of interest and learn about investment opportunities through landlords or real estate agents in the area. Investment properties are a smart way to invest funds, benefit from tax breaks, and gain equity.